Brexit – UK Votes to Leave EU on January 31, 2020

British parliament has voted in favor of Prime Minister Boris Johnson’s plan for the UK to leave the EU on 31 January.

They voted 358 to 234 – a majority of 124 – in favor of the EU (Withdrawal Agreement) Bill, which now goes on to further scrutiny in Parliament. The bill bans an extension of the transition period – during which the UK is out of the EU but follows many of its rules – past 2020.

The EU would shrink from $19.1 trillion in GDP to about $16 trillion. China would have $14.7 trillion in GDP (including Hong Kong and Macau). The US would have about $21.8 trillion in GDP in January 2020 (was $21.54 in Q3 2019) .

China’s economy would be 91% of the remainder of the EU up from 77% of the EU. The EU would go from 89% of the US economy to about 73% of the US economy.

28 thoughts on “Brexit – UK Votes to Leave EU on January 31, 2020”

  1. This comment makes some sort of sense if Gazz is assuming I’m some sort of British plutocrat.

    Sorry Gazz, you’ve guessed wrong.

  2. It seems your car industry has already experienced that fantastic future what you lied to your people. 😀 I allways wonder how and where do you want to sell your products. For example who would buy a car made in britain when tariff free and better quality products are available inside the EU? Well, go and try to sell them to US, Donald hopefully welcomed them. :-DDDD. The same is true about the financial industry. Why the hell should EU let you arrange any kind of EU related financial business outside of EU? Well, this industry goes to the trashcan too for you. EU can find easily new partners even the russians, who usually humiliates the small Britain, killing people there and violates often its borders. You still dream Britain is an empire but only a small player between giants. The reality will come sooner than you think. 🙂

  3. I am sure you must be. Remember the fable of the fox and the sour grapes? Yours sounds a little like a sour Kraut’s reaction.
    I am quite convinced that if all the other member countries held a referendum like that, it would lead to the dissolution of the EU.
    I am quite sure even the Germans would want out.

  4. Haha. Im no boomer but my surprisingly dense adoptive grandpa, twice a veteran though he is, is all about the injustice that Trump is working hard to rid the world of.

    There’s been much stupider and there will be equally or much stupider generations in the future. Getting thru it doesn’t happen on its own, or by blaming others. The future doesn’t happen unless you make it, and things such as curing aging, IOW novel means for novel life options. Like, for instance, not being getting caught up in myopic tribal purse fights.

  5. GB’s slow decline dates back to at least World War 1, and probably to some foolish decision made in the middle of the Victorian era
    Though I’m not knowledgeable enough about the time to say which foolish decision. Maybe invading Afghanistan?

  6. I’ll assume the “allways” was deliberate this time.

    Though the “frustrated ones” surely refers to the “remainers” in this context.

  7. Great Britain has chosen the death of slow decline. But before that happens it will fracture into pieces as Scotland and Northern Ireland leaves the union.

  8. Not so. The EU has held the door open as long as possible.
    Unfortunately some (older) voters in the UK still thing we have an empire and are an important player on the world stage.
    The Tories now have control and they think, if we ditch enough workers rights and have more free markets then UK can become richer.
    Whether we become richer and whether the money goes to the populace or to billionaire offshore accounts remains to be seen.
    Meanwhile it is true that the EU has many problems and Greece and some other countries are basket cases and even Germany is slowing.
    It is not impossible that there could be an economic or political crash in the EU and we in the UK might be glad to be out of it.
    Or we may become a client state of President Trump.
    Time will tell.

  9. Or maybe it’s an idiotic attitude.
    I know the meme because I’ve been reading and hearing it in person since it went viral. Today’s prime time of their life humans are just as idiotic.

    <<all future generations.>>

  10. It’s going to be funny when everyone of those brainless parrots of that dumb meme end up on the other end of the exact same thing by equally naive ageists.

  11. EU is becoming irrelevant in world events. French president Macron wants to enhance the EU’s importance by creating an EU military which would rival Russia but be far behind USA and China.

  12. We know the socialist EU economies are failing. Even Germany is lagging now. The EU has been an unmitigated disaster for every productive economy in Europe! And as for those who assert a coming disaster, it just might be true for the “Two Economies” Billionaires – where one economy belongs to the people working on Main Street, and the ‘other economy’ belongs to the rich investors with overseas portfolios in China and so forth. Screw Em! My money is on Main Street! In about 5 years the EU will be begging to join Britain’s economic block!

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